News: 2024.04.18
According to data released by the National Bureau of Statistics on Tuesday (16th), China's gross domestic product (GDP) reached 29.63 trillion yuan in the first quarter of 2024, a year-on-year increase of 5.3%. This growth rate exceeded expectations and injected new impetus into the Chinese economy.
Some scholars in Beijing believe that the first-quarter economic data shows that China's economy is growing steadily and has stimulated the development of new productive forces. This shows that China's economy is in a critical period of transformation and upgrading, and the application of emerging industries and new technologies will become the main driving force for future economic growth.
With the deepening of economic structural adjustment, China's economic growth model is changing. Traditional industries are still the backbone of China's economy, but the rise of emerging industries and high-tech industries is changing the entire economic landscape.
As the income of Chinese residents increases and consumption concepts change, consumption upgrading has become an important engine for economic growth. People's pursuit of quality life has promoted the prosperity of the consumer market and further promoted economic development.
Scientific and technological innovation is the key to promoting economic transformation and upgrading. The Chinese government actively supports scientific and technological innovation, encourages enterprises to increase investment in research and development, and promotes the transformation and application of scientific and technological achievements, providing a strong driving force for economic transformation.